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Gold rate today: What can drive gold prices to $6,000? Key factors explained

Buzz line1 month ago07 mins

Gold rate today: Gold prices have entered a range-bound terrain after a stupendous start to the year, as tailwinds that supported the rally started to fade. The yellow metal broke below the crucial $5,000 mark on Thursday night and continues to remain so despite a 1% rebound today, February 12. The fresh bout of selling…

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Gold is muscling out Treasuries as a foreign reserve asset

Buzz line3 months ago01 mins

Official holdings of gold abroad total more than 900 million troy ounces, according to data posted by World Gold Council this month. The numbers, sourced from the International Monetary Fund, refer to the end of November for most countries, though some figures are as of October. Source

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